For Traders

Analytical Reviews

Trading plan

25.02.202108:53 Forex Analysis & Reviews: Trading plan for EUR/USD on February 25. New wave of COVID-19? Euro bulls are trying to push the price up.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

COVID-19 incidents increased again yesterday. Most of the cases came from France, Italy and the Czech Republic.

Perhaps, this growth is a sign for a new pandemic wave. Fortunately, vaccines against the virus are already available, albeit insufficient at the moment. So far, only US and Britain are making every effort to accelerate vaccination. But in case this is indeed a new pandemic wave, governments and citizens will surely change their attitude towards vaccination.

EUR/USD: Euro traded downwards amid optimism brought by Jerome Powell's congressional speech.

Now, the euro seems to be ready for a new wave of growth.

Open long positions from 1.2145 to 1.2089.

Open short positions from 1.2085 to 1.2130.

A report on US employment will be released today at 13:30 GMT.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.